Life Insurance: The Next Financial Mover?

After three years of trading in a range, the financial sector busted out to the upside. Life insurance shares look poised to take the lead.

It's been a long time coming, but the financial sector can finally say it is back to levels last seen in 2008. For beleaguered financial bulls, this is a good sign.

The Select Sector SPDR-Financial (ticker: XLF) moved above its twin 2010 and 2011 highs late last month (see Chart 1). It still sports good upside momentum, decent volume and market-beating performance that started in May of last year. In other words, the rising trend is...